The Business Times, 19 January 1977
1977-01-19
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The Business Times
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Title Section9 1977-01-19 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, JANUARY 19, 1977 SOCENTS9 words
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NEWS IN BRIEF
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Article54 1977-01-19 1 Reuter SYDNEY, Tues. Exhausted rescue workers hacked and hammered their way tonight through splintered and twisted wreckage of a Sydney commuter train which claimed the lives of an estimated 90 passengers, and Injured at least 80 others, when It left the tracks and ploughed IntoReuter - 54 words
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Article41 1977-01-19 1 UPI NEW DELHI, Tues. The long-awaited general elections In India, postponed by Prime Minister Indira Gandhi's government by one year under the emergency rules, will now be held In March after the current Parliament is dissolved. UPI.UPI - 41 words
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Article43 1977-01-19 1 Reuter TOKYO, Tues. Japan will send a governmentsponsored energy mission to Australia some time between March and May this year for discussions on Japanese Importers of Australian energy resources Including uranium, natural gas and coal, Trade and Industry Ministry officials said.Reuter - 43 words
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Article45 1977-01-19 1 AP BASLE, Tues. The Swiss chemical concern of Clba Gelgy SA said today Its Japanese subsidiary and other defendant companies. consider new proposals for compensation of thousands of people stricken by the nerve-paralysing "Smon" disease as a "constructive contribution toward a settlement." AP.AP - 45 words
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Article38 1977-01-19 1 AP TOKYO Tues. The trial of former Prime Minister Kakuei Tanaka, three business executives and a secretary indicated In the multlmlllion dollar Lockheed payoff scandal win open on Jan. 27, court officials said today. AP.AP - 38 words
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Article37 1977-01-19 1 UPI PARIS, Tues. France and the United States signed a technical agreement today to co-operate on research into the construction and safety of nuclear "breeder" power reactors, the French Commissariat for Atomic Energy announced.UPI - 37 words
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Article33 1977-01-19 1 UPI DAMASCUS, Tues. The presidents of Syria, Egypt and Sudan will meet In Cairo next month, Sudan's Premier A 1 Rashld Taha Bakr told the Syrian News Agency today. UPI.UPI - 33 words
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Article34 1977-01-19 1 Reuter JOHANNESBURG, Tues. Anglo American Corp of South Africa Ltd ordinary and preference shares and Rand Selection Corp Ltd ordinary shares were suspended, a spokesman for the Johannesburg Stock Exchange said. Reuter.Reuter - 34 words
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Article29 1977-01-19 1 Reuter BELGRADE, Tues. Yugoslav Prime Minister Dzemal Bljedlc died today In a plane crash near the town of Sarajevo, the official Tanjug News Agency said. Reuter.Reuter - 29 words
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Article25 1977-01-19 1 AP CAIRO, Tues. Egyptians demonstrated In two cities today against soaring prices for many goods, from food to gasoline and cigarettes. APAP - 25 words
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Article25 1977-01-19 1 THE price of bread will be reduced between one and four cents from Friday, according to the Singapore Bakery and Confectionery Trade Association.25 words
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Chief Price Changes
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Article, Illustration204 1977-01-19 1 IN dull and quiet trading at the Stock Exchange of Singapore yesterday, tin shares continued to surge ahead on the strength of the buoyant metal price. This sent the Straits Times Tin index over the 100-mark for the first time in years. The average closed at 101.67,204 words
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Article122 1977-01-19 1 Rises Most octivo Berjuntal Tronoh 913.00 +1.20 9 3.30 +1.12 til M i on Haw Par 115,000 Slme Darby 114,000 A. Hitam Tin Central Sugars 90,000 Petallng Kramat L. Perak A. Amal Lsl and Pen 9 4 94 9 2.73 9 1.45 9 3.60 9 1.75 .14122 words
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1314 1977-01-19 1 ANTHONY ROWLEY - BANKS SET A CONDITION ■r ANTHONY ROWLEY DEADLOCK appears to be approaching in the current discussions between the Monetary Authority of Singapore and the Singapore Merchant Bankers' Association on whether the banks should promote a market in government bonds. While the MAS is claiming1,314 words
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Article70 1977-01-19 1 BANGKOK, Tues. Prime Minister Lee Kuan Yew will visit Thailand from Jan 30 to Feb 2, Thai Foreign Minister Upadlt Pacharlvangkun said today. Mr. Upadlt told reporters the visit would return one that Prime Minister Than In Kralvlchlen made to Singapore last month. During the visit, Mr. Lee70 words
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Article55 1977-01-19 1 THE Australian Foreign Minister Andrew Peacock will arrive here today for a three-day visit. During his stay, he will open the new Chancery of the Australian High Commission In Middlesex Road, off Napier Road. He will also have talks with the Prime Minister, Lee Kuan Yew,55 words
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504 1977-01-19 1 PRIME Minister, Lee Kuan Yew, yesterday said that the security problems that were handled by the big powers have not receded with the reduction of their role or the withdrawal of their armed forces from the region. "It now falls upon the national governments504 words
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210 1977-01-19 1 RECESSION has hit the overseas training programmes for local employees of Japanese firms In Singapore. Owing to the economic recession, the number of trainees sent overseas between 1973 and 1975, dropped according to the latest bulletin of the Japan Trade Centre in Singapore. In 1975,210 words
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Article187 1977-01-19 1 KUALA LUMPUR, Tues. A Libyan economic mission is to visit Malaysia In the near future to strengthen economic ties between the two nations. This was announced In a Joint communique issued simultaneously In Kuala Lumpur and in Tripoli ending the four day official visit by187 words
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Article127 1977-01-19 1 AP NEW YORK, Tues. Two of the largest US commercial banks moved yesterday to raise their prime lending rate by point to Ctt per cent. The actions by the ninthranked First National Bank of Chicago and sixthranked Morgan Guaranty Trust of New York took them out ofAP - 127 words
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Article86 1977-01-19 1 THE NTUC has urged the National Wages Council to avoid vague language in its ftiture recommendations. "By their vagae phraseology, they have unwittingly allowed a few haleh sheep to sour up relations", observes Labour News, the official organ of the NTUC. The bulletin says confusion over some puts86 words
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241 1977-01-19 1 BOUSTEAD Holdings yesterday announced a scrip issue of one-for-one, doubling its paid-up capital to MS2I million, thus confirming market rumours of an impending issue, which were reflected in a strong share price. Ripples of activity were noted in the lightly traded counter last month when241 words
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Article69 1977-01-19 1 Reuter KUALA LUMPUR, Tues. The straits tin price in Penang rose a further Ms2l per plcul to $1,420, $05 above the International Tin Agreement celling, dealers said. Market sources said the surge was In line with firm conditions on the London Metal Exchange yesterday. But dealers reported noReuter - 69 words
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437 1977-01-19 1 Reuter LONDON, Tues. It was astounding to suggest that British financier Jim Slater would risk his life, liberty and professional reputation In a plot to siphon off shares from a Far East company, his counsel told a London court today. The counsel, Mr.Reuter - 437 words
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Article94 1977-01-19 1 PENANG, Tues. Former Thai Prime Minister Kukrlt Pramoj said here last night that the "domino theory" of communist takeover in Indochina countries was not applicable to either Thailand or Malaysia. Mr. Kukrit.-who was visiting Malaysia for five days at the Invitation of Malaysian Prime Minister Datuk Hussein Onn,94 words
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Article84 1977-01-19 1 AP BERNE, (Switzerland), Tues. Swiss arms exports increased by 33.1 per cent during 1976 to a new peacetime high of 491 million francs (Ss4B2 million), the Defence Ministry reported today. The principal markets were West Germany, which bought 124 million francs worth of arms; Iran, 114 millionAP - 84 words
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Page 1 Advertisements
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Advertisement69 1977-01-19 1 With a Reputation for Unrivalled Security and Fair Dealing over 131 years, Our Clients can be Assured... fc±l±J looks after you. Fast 18th Fir., Ocean Building, Collyer Quay, Singapore 1. Tel: ***** *****1. Overseas news /TV Jk Transport A Com* Radio PI monies tk>ns Local Co news P4 Features International69 words
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Advertisement125 1977-01-19 1 THE SMOOTH SIMPLE STYLE OF ft.-" J You have to drive the 504 to appreciate its excellent performance and high standard of engineering. Its pick-up, power, road-holding, braking and reliability. Its economical 1971 cc petrol engine, giving minimum consumption for maximum efficiency. The endurance of its oversquare 4-cylinder inline engine125 words
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Advertisement161 1977-01-19 1 GaS has got a o ew flcimG TABS OTA Xow your old printing calculator is worth SKK) when you trade it in Fmp a limited period only Here's an opportunity to let your old printing calculator or electric or manual adding machine make you some money. If you buy an161 words
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OVERSEAS
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226 1977-01-19 2 AP WASHINGTON, Tues. A US Defence Department report will recommend to the Carter Administration how it can save about US$25O million (Ss6ls million) a year by cutting down on excess production capacity in the aircraft Industry. A summary of the report, madeAP - 226 words
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Article68 1977-01-19 2 UPI OSAKA, Tues. Matsushita Electric Industrial Co. reported net profits of 41.327 million yen (*****.7 million), for the annual term ended November last year, up from 32,804 million yen for 1975. The company said sales hit an all-time high of 1,310,627 million yen, up 23 per cent overUPI - 68 words
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491 1977-01-19 2 AP WASHINGTON, Tues. The American economy grew during the final three months of last year at the slowest rate since the end of the 1974-75 recession, the Government reported today. It marked the second consecutive quarter of growth slower than necessary to cutAP - 491 words
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296 1977-01-19 2 Reuter BRUSSELS, Tues. Four European Nato nations put pressure on the United States today for assurances over their share in the building of 348 US F-16 fighter planes they are going to buy. The Defence Ministers of Norway, Denmark, Holland and Belgium,Reuter - 296 words
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Article123 1977-01-19 2 AP TEL AVIV, Tues. Israeli drillers have found traces of oil at a site in the occupied Sinai and will know In about two weeks whether they have made a substantial strike, oil officials said yesterday. The drill at A-tur, on the Gulf of Suez, hit oil atAP - 123 words
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258 1977-01-19 2 Reuter MOSCOW, Tues. Soviet industrial growth exceeded the expectations of Kremlin planners last year, but productivity increases fell just short of their targets, according to figures published yesterday. The Soviet Council of Ministers, quoted by Tass news agency, said industrial output rose by 4.8Reuter - 258 words
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Article66 1977-01-19 2 Reuter LAUSANNE. Tues. Saudi Arabia, Thailand and Nigeria will be the foreign guest exhibitors at the annual two-week Swiss autumn trade fair opening here on Sept 10. The Saudi stand will concentrate on the oil Industry, petrochemicals and the mining of precious metals, Thailand's exhibit will demonstrate theReuter - 66 words
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Article, Illustration291 1977-01-19 2 Reuter ROME, Tues. The Italian government regards trade union proposals to reduce Inflation and the huge balance of payments deficit as Inadequate and Is planning another economic package, an authoritative source said yesterday. The new moves will Include a cut In theReuter - 291 words
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Article152 1977-01-19 2 UPI CAIRO, Tati. The Government announced a record budget fer 1977 yesterday totalling £8.597 billion (SSS2.C billion) in which wages and defence allocations were raised, the balance of payments all but covered, and the government subsidy to basic commodities cut by nearly one half.UPI - 152 words
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Article32 1977-01-19 2 Reuter VIENNA, Tues. India's Minister of External Affairs, Mr. Yeshwantrao Chavan, yesterday had talks in Bucharest with Rumanian Foreign Minister George Macovescu, the Rumanian Agerpres news agency reported. Reuter.Reuter - 32 words
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627 1977-01-19 2 NYT DHAHRAN, (Saudi Arabia), Tues. Despite strong demand for lower-priced Saudi Arabian oil, shipping problems held the Arabian American oil company's oil production in the first half of January to only 80 per cent of last year's level, anNYT - 627 words
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338 1977-01-19 2 Reuter BRUSSELS, Tues. Common Market Foreign Ministers today began a third attempt to decide how to police the trawlers of third countries fishing Inside the community's new 320-km fisheries zone. During two earlier sessions, the ministers agreed how much non-EEC countries notably Scandinavian andReuter - 338 words
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Article250 1977-01-19 2 AP TULSA, (Oklahoma), Tues. Soviet Oil production reached a record high of 10.36 million barrels daily during 1976 but the rate of new discoveries declined, the Oil and Gas Journal said yesterday. Soviet Oil and gas production was slightly below the official goal ofAP - 250 words
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Article199 1977-01-19 2 Reuter LONDON Tues. The Bank of England gave the discount market help on an exceptional scale to meet a shortage caused by a record amount of repayments of official advances, market sources said. With enormous advances from previous Monday, Thursday and Friday to repay,Reuter - 199 words
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184 1977-01-19 2 Reuter WASHINGTON. Tues. The three major American television networks asked the Government yesterday for permission to Join forces in negotiating for rights to broadcast the 1980 Olympic Games in Moscow because of the high price asked by the Soviet Union. Soviet authorities wereReuter - 184 words
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Article140 1977-01-19 2 Reuter LONDON. Tues. Britain's biggest motor corporation Leyland Is offering Its 90.000 factory-floor workers a new deal which It hopes will greatly reduce Industrial unrest. Hit last year by strikes costing some C 250 million (551.05 billion) in lost production, the state-owned company has devised a package offeringReuter - 140 words
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Article144 1977-01-19 2 Reuter RIO DE JANEIRO, Tues. The cost of living index for Rio de Janeiro, used as an indicator for all Brazil, rose 44.8 per cent In 1976 against 31.2 per cent in 1975, figures from the Oetullo Vargas Foundation show. This Is the highestReuter - 144 words
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Page 2 Advertisements
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Advertisement108 1977-01-19 2 SEE BACK PAGE The hot drink prauider ..v ViuiAMAALK N How Drinkmaster provides staff or visitors with hot, freshly-made drinks without delay or trouble and at very low cost 2 Select a flavour- sealed Drinkpac black or white coffee; tea, lemon tea, hot chocolat or soup. <T Peel flavour seal108 words
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Page 2 Miscellaneous
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Miscellaneous318 1977-01-19 2 WEATHER report for 24 hours prior to 7.30 p.m. on Jan 18 at Singapore airport: Maximum temperature Associated humidity Minimum temperature Associated humidity Hours of sunshine Rainfall in millimetres Total rainfall for the month Total rainy days for the month ADIO& SINGAPORE 5 3.00 PM. Opening Announcements followed by Flying318 words
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Page 3 Advertisements
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Advertisement259 1977-01-19 3 Dash 1 3650 miles 42,000 lbs. of thrust per engine Dash 100 4200 miles 42,000 lbs. of thrust per engine Dash 200 4250 miles 48,000 lbs. of thrust per engine Dash 250 5200 miles 48,000 lbs. of thrust per engine I 5* <*• The Dash 500. The 6100 milelHStar. Soon259 words
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COMPANY NEWS
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Article261 1977-01-19 4 THE Kuala Lumpur Stock Exchange has asxed San Holdings to provide more details on Its schemes of reconstruction to put the group on a profitable basis. It wants to know the findings on the reconstruction of the group's financial structure and the evaluation of261 words
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195 1977-01-19 4 SHAREHOLDERS of Cheung Kong (Holdings) of Hongkong have approved Its private placement of 20 million new HK$2 shares at $5.60 per share. Haw Par Brothers International, whose stake In the company is reduced to 16.5 per cent from 20.03 per cent as a result of195 words
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Article119 1977-01-19 4 CHEMICAL Company of Malaysia Is looking for long term benefits from its proposed Investment of Mss million to manufacture paraquat dlchloride in Malaysia. In a letter to the Kuala Lumpur Stock Exchange, CCM says the Investment is "to ensure the long term security of the market and profit119 words
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176 1977-01-19 4 BERJAYA Kawat paid cash for it* 50 per cent stake In Steel Company of Malaysia which It acquired for M 569,633 from Hone Leone (HT Replying to a Kuala Lumpur Stock Exchange query on the acquisition wnlch turned SCM Into a whollyowned176 words
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Article62 1977-01-19 4 Chemical Company of Malaysia Bhd.. Jan 18, 11.30 a.m., 4th Floor, Bangunan MIDF 117 Jalan Ampang, Kuala Lumpur. Wearne Brothers Ltd.: Jan 21, 12 noon, at Raffles Hotel, Beach Road, Singapore 7. Cycle ft Carriage Ltd.: Jan 22, 12 noon, Mandarin Hotel, 333 Orchard Road, Singapore 9. Petaling62 words
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Article51 1977-01-19 4 THE Stock Exchange of Singapore announced that the $35 million 8-3/8 per cent 1964 bonds of Keppel Shipyard will be listed tomorrow. The quotation of the bonds will be expressed as a percentage of the principal value excluding accrued interest and dealings will be on a "ready" basis51 words
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1148 1977-01-19 4 "IN 1974 Faber Merlin Malaysia was very short of money." This was stated by the Kuala Lumpur Stock Exchange last June In an 11page letter highly critical of the conduct of the board of directors of FMM and Pahang Consolidated over the companies affairs. And1,148 words
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Article234 1977-01-19 4 Current payment Ex Date Date payable Total for the year Total for previous year Temerkoh K.T.Pau PiktafCa*WeeraeBro* Cycle A Carriage Berjuatai M. GUm Inch Kenneth N.S.Time* George Towa Central Securities M. Cemeat United Malacca Uaited PlaaUtioa Chin Teck C.C.M. Pahang Pref. U.M. Flour Set. Dredging D. Keramat N.B.234 words
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910 1977-01-19 4 NYT NEW YORK, Tues. The staff of a senate subcommittee has charged the country's largest accounting firms known as the "Big Eight" with controlling and exploiting the professions rule-making Etwers to serve special lnrests of large corporate clients. The staff study, aNYT - 910 words
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Article1137 1977-01-19 4 On January 17 PRICES on the Chicago Board Options exchange retreated, as declines topped gainers, 333 to 122 on Monday. Volume approximated 88,100 coutracts, up from 85.059 contracts last Friday. OPTION JAN APL JLY STOCK Alcoa 49 UNTRD NOL NOL 56 5/1 Alcoa SO 6 1/4 71,137 words
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323 1977-01-19 4 NYT NEW YORK, Tues. The Satra Corp, a publicly owned United States trading and manufacturing company, has purchased close to US$l billion worth of materials and products from the Soviet Union during the last 25 years. But to most Americans, Satra has never beenNYT - 323 words
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Page 4 Advertisements
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Advertisement297 1977-01-19 4 s? 9? .1a,- m n 'Vt The three bosk needs and the three ports of Britomico 3 1. To get at the facts oftan a single fact easily and quickly, without having to read a long article in which that fact is embedded. This need is served by the 10-volume297 words
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INTERNATIONAL COMPANY NEWS
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682 1977-01-19 5 NYT NEW YORK, Tues. After years of waiting, Atlantic Richfield (Arco) may soon begin to collect on its Alaskan investment. Next July, oil from the Predhoe Bay field will begin to flow through the Alaslean pipeline to Valdez for shipment to the lower 48NYT - 682 words
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Article601 1977-01-19 5 WILLIAM SAFIRE - By WILLIAM SAFIRE NYT NEVER In American political history has one corporation so completely dominated the top levels of any administration. Cyrus Vance, who is to be Secretary of State, is a director of International Business Machines and is a member of Its executive committee. HaroldNYT - 601 words
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Article104 1977-01-19 5 NEW YORK, Tues. Fourth quarter net profit at Xerox roee 26.3 per cent to U5579.2 million from 862.7 million on a revenue increase of 8.6 per cent to 51,14 billion (51.05 billion). This raised the full year profit to 5358.9 million (5341.6 million) on revenue of 54.4104 words
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Article113 1977-01-19 5 Reuter TORONTO, Tues. Brameda Resource# Mid it agreed to sell ita 87 1/2 per cent interest in the Sukunka coal licences in Northeastern British Columbia to BP Canada and BP Holdings. Brameda also said it and Teck Corp, which owns a 47 per cent shareReuter - 113 words
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Article87 1977-01-19 5 NEW YORK. Tues. Burroughs has achieved an 18.6 per cent increase in fourth quarter net earnings to US$B2 million from $69.1 million on a revenue rise of only 6.6 per cent to $589 million from $552.3 million. This brought last year's earnings to $185.9 million, up 13.187 words
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Article899 1977-01-19 5 BRITISH PETROLEUM SHARES NYT LONDON, Tues. it has not worked out the details. But sometime, presumably within the next year, the British Government will sell an enormous chunk of the only really lucrative Investment It has ever made In Industry: £500 million about US$35O millionNYT - 899 words
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Article204 1977-01-19 5 Reuter LONDON, Tues. A group of international banks Is managing a seven-year Euroloan of U*****.9 million as part of the financing for a nuclear power Elant in the Republic of ;orea, First Chicago said. Korea Electric has signed contracts with Westinghouse Electric Corp and G.E.C.Reuter - 204 words
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Article95 1977-01-19 5 Reuter NEW YORK, Tues. A negotiating syndicate headed by Blyth Eastman Dillon said It has tentatively priced US$2OO million double-A rate GeorgiaPacific notes for proposed offering later today. The group said it plans to offer the $100 million of notes due 1982 at par with a 6% perReuter - 95 words
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Article506 1977-01-19 5 NYT NEW YORK, Tues Genesco Inc., the country's largest producer and retaller of apparel, Is moving very rapidly to relax some of the excessive operating controls that hurt executive morale, according to Its new management. Recently, In a hectic, 10hour. special board meeting In Nashville, the company'sNYT - 506 words
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Page 5 Advertisements
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Advertisement243 1977-01-19 5 4* Sea Ray SRU 240 UJeekender r* Bow Locker T Mfffl \v v :-<*\ r?. V\V LV\ The Sea Ray SRV 240 Weekender, crafted from the finest materials available, combines plenty of size and performance with plushy creature comforts. A matchless finish to afford you the very best in accessories:243 words
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Article2152 1977-01-19 6 irrirrr High Low Company Last Sale +orGr'i div Div c'vr Gr* yld Not P/E Vol ('•00) Day High Low SECTION ONE INDUSTRIALS 175* 206 100 237 186 402 204 248 460 137 133 172 60 185 66 254 149 172 388 39 Ac ma Alcom Allied Choc2,152 words
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Article1212 1977-01-19 6 BID and offer price* officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1000 units unless otherwise specified. All Time Setlement Contracts are quoted after the word "Bett." Big Board1,212 words
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Article1098 1977-01-19 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified. INDUITRIAU A. Tap* (0.38B). AJtnamata (1.928 2 008). Alaam (2 158). A.1,098 words
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Article143 1977-01-19 6 BOTH Im 19X1 (100.000) (103'%8 103',5) ÜBS* l/ 2*» l«*M2 (100,000) 100'WS) DBS Converts fi I/« I9UI (100.000) (978 97 J «S) EIBW ISM (100.000) (103*B 103%5) E I B H Ui% 19K3 (100.000) (100'4B 100SS) I B J ft MYk I9HI (100.000) (102HB 103 1 aS)143 words
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Article59 1977-01-19 6 5 15/4/7K (1.000.000) (101.70S) 6 \/2% 15/H/7H (1,000.000) (103 258 103 455) 6 -1/47, 15/6/ HO (1,000,000) (102 958 103.055) •1/4' X I/12/HO (1,000 000) (102 958) s<& T F 15/4/ HI (1.000.000) (101.408 101.50S) 5 T F 15/R/HI-H4 (1,000,000) (102 60S) 6 l/4<& T F 1/12/9059 words
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Article158 1977-01-19 6 SINGAPORE I'NITTRl'ST INCOME BOND l/NIT (Maniffrs' prim for Jan 19) (Current prim) INCOME BOND 1 09 1.15 The Commerce 1.77 1.87 The Saving Fund 0 96 1.03 S pore Prog Fund 0.82 0.87 MARA Bl MIPITRA FI ND S pore Security Fund .1.31 S'pore Invest Fund 1.06 1158 words
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Page 6 Advertisements
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Advertisement197 1977-01-19 6 Alex Josey has long been en observer, recorder and commentator of the Singapore scene. In this new book, he examines and explains the success of Singapore's tripartite alliance of Government, workers and employers. A substantial part of the book is devoted to the full text of fifteen essential labour laws197 words
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Article672 1977-01-19 7 TRADING conditions at the Stock Exchange of Singapore turned dull with a slightly easier tendency yesterday. Trading volume was low and characterised by intermittent deals written among the volatile issues. Operators and investors were generally noncommittal for want of fresh incentive from the international economic scene.672 words
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Article492 1977-01-19 7 AFTER a marginally higher opening, prices drifted to finish mixed at the Kuala Lumpur stock market yesterday. Apart from tin stocks, which continued to move higher, conditions elsewhere were dull and featureless. The bullish sentiment in tin shares was due to the sharply higher tin492 words
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WALL STREET AND OTHERS OVERSEAS MARKETS
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Article1071 1977-01-19 7 NEW YORK: The cold spell sweeping the nation triggered a strong demand for a number of energy-related Issues on Monday, but overall the stock market backed off moderately amid worries over rising shortterm interest rates. Two major banks Jacked up their prime Interest rates by one-quarter point to1,071 words
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Article262 1977-01-19 7 JOHANNESBURG: Oold shares moved easier In line with London bullion Indications, while Interest remained centred In collieries and selected financial minings on Monday, dealers said. Financial minings showed some sharp gains with Handsel 40 cents up at 700 after a high at 810. De Dun fell two cents to262 words
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Article243 1977-01-19 7 AMSTERDAM: Most of the market fell on lack of Interest on Monday, with Hoogovens the only small gain in Dutch Internationals. Declines were led by KLM and Gist, while Bois, RSV and Giesaan marked gains against the trend. Shippings were steady except Hal, which tended lower. Major banks were243 words
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Article344 1977-01-19 7 PARIS: The market was mainly lower In small trading ahead of President Valery Olscard D'Estalng's press conference this afternoon. Among shares to rise against the trend were Moullim in electrlcals, Carrefour in stores and RooMel In chemicals. Portfolio companies and mechanical engineerings were narrowly mixed while metals generally had344 words
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Article279 1977-01-19 7 ZURICH: The market closed narrowly mixed with an easier bias on profit-taking in very quiet trading on Monday, dealers said. In leading banks and Insurances changes either way were limited, while In ftnanclals Bally registered and Sauror bearer gained, but Oorlikod-Buohrie, Preaae-Finanz and SAEF bearer lost some ground. Industrials279 words
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Article278 1977-01-19 7 FRANKFURT: Shares were mixed to easier in hesitant trading on Monday, market sources said. Among gains In motors were BMW, which rose two marks, and Daimler which firmed three, though VW was unchanged. Lufthansa ordinary shares rose I.SO on market expectations of higher profits. In most other sectors losses278 words
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Article479 1977-01-19 7 TOKYO: The market fell sharply on Tuesday, on substantial liquidations and profit-taking in blue chips on technical factors and Wall Street's overnight fall, dealers said. The Dow Jones average lost 40.20 to close at 4,942,.81 with volume 200 million shares. The New index closed 375.60, down 2.39. Motors, precision479 words
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Article380 1977-01-19 7 HONGKONG: The market rose In fairly quiet, featureless trading, on Tuesday, with most of the gains coming In a late burst of buying, dealers said. The Hang Seng index rose 2.20 points to close at 438.74. Hongkong Bank, Hongkong Land and Jardine Matbeaon all gained 10 cents to $20.40,380 words
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Article325 1977-01-19 7 TORONTO: Canadian real estate was the only Index to gain as share prices re treated along a broad front, driving the composite index down 3.9 points at the close of light trading on Monday. Closing Information was delayed due to computer problems at the exchange. Wainco Oil rose IMb325 words
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Article162 1977-01-19 7 MILAN: The market closed easier in fairly active dealings on Monday, dealers said. Leading Industrials fluctuated narrowly with Fiat closing marginally higher against the trend while Pirelli SPA was unchanged and Pirelli E C easier. Insurances and banks lost ground while La Centrale was a firmer spot in flnanclals.162 words
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Article98 1977-01-19 7 c ppe JAN l« PMM 47Acoje Mining 0145 -0.0015 Atlas Con A 33.25 +0.5 Atlas Con B 33 50 +0.5 Bagnio Gold 0135 -0.0005 Benguet Con B BF Goodrich 15 unch CDC'P IncoB Lepanto B 13 unch Marinduque B 7 90 +0 05 Meralco 4 20 +0.2 Oriental A98 words
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Article92 1977-01-19 7 JAN 17 Fn FORWARD MARKET Acer 335 -3 Arbed 3510 -50 Astur 1038 -16 Bravan 526 16 Bru-Lamb 1800 -20 Canpac 606 -10 Cock 576 -4 De Beers 105 -1 Ebes 2215 -15 Electro bel 5560 unch Gb-Inno-Bm 1665 -35 Gev 1192 -12 Hobok 3275 -60 Petro 4515 -8092 words
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Article83 1977-01-19 7 JAN IS Bahts Asia Fibre 124 unch Bangkok Bank 249 unch Bangkok Invest 153 1 Bangkok-Metro-politan Bank Bata BerllJucker 163 -2 Charoong Thai Wire Dumex Duslt Thanl 170 14 Faber Merlin First Trust Indo-Thai 175 J And J Ho 100 *3 Jalaprathan Cement 85 -2 Karnasuta Lee Kwang Mln83 words
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Article446 1977-01-19 7 SYDNEY: The market closed mixed on Tuesday in listless trading, dealers said. Selective support was evident for key situation stocks, but several leading issues lost further ground. Reniaon rose another 10 cents to A 58.30 on the stronger metal price, while CBR lost 12 cents to $3.70 on the446 words
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Article68 1977-01-19 7 FINANCIAL TIMES INDUSTRIAL Monday 374.4 Friday 363 9 Week ago 33.6 DOW JONES AVERAGE INDUSTRIAL Monday 967 17 Friday 972.16 Week Ago 986.87 LONDON DOLLAR PREMIUM Monday 116 to U6V.H Friday 115* to 116* H.K. HANG SENG Monday 436.54 Friday 438 49 Week ago 436 69 SYDNEY INDUSTRIALS Monday68 words
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206 1977-01-19 7 DETROIT, Tues. General Motors and Chrysler shut down operations In Ohio. Michigan and New York yesterday and laid off 42.000 workers due to ener?y shortages caused by the rigid weather. The auto companies warned that additional shutdowns appeared imminent as the extreme cold wave206 words
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Page 7 Advertisements
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Advertisement176 1977-01-19 7 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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COMMODITY REPORTS AND PRICES
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Article570 1977-01-19 8 PRICES opened one cent lower in the Singapore rubber market j'esterday, following overset is advices, and thereafter fluctuated narrowly, dealers said. Towards title morning close, Drtces fell further, with February traded at 207.75 cents on light llquldatlon of Feb.ruary and March, they sal d. Turnover was fair. The570 words
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Article103 1977-01-19 8 DAILY S8R and SMR prices at noon yesterday: Feb. Mar. R.A.S. (Current Mtk) (F« ■ward Mth) Buy* ra Seller* Buyer* Sellers (en dU per kg) («*i ■U per kg) SSR20 (1-ton Pallet) 101.50 192 SON 192.50 193. SON SSRSO (1-ton Pallet) 189 00 190 00N 190.00 191.103 words
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Article278 1977-01-19 8 THE Straits tin price In Penang yesterday was up $21 to $1,420 on an official offering down 25 tonnes to 220 tonnes. In LONDON yesterday, tin declined by around £37 per tonne for Cash and £23 for Three Months in both contracts at the morning closing. Dealers said278 words
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Article28 1977-01-19 8 Rubber: Jan 18 Singapore: Feb. 206.75 (down 2.75 cts.) Malaysia: Feb. 211.50 (down 2.75 cts) Tin: $1,420.00 (up $21.00) Official offering: 220 tonnes (down 25 tonnes)28 words
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Article114 1977-01-19 8 LONDON, Tucs. Lead closed £1.75 up for Cash and £2.50 down for Three Months. Further fresh buying and chartist support took Three Months up to a record high of £349 per tonne on the pre-market although profit-taking emerged quickly and the ring finished with business back to £343. There114 words
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Article85 1977-01-19 8 LONDON, Tues. Zinc eased by £3 per tonne for Cash and £2 for Three Months. This metal followed the general trend as profittaking and hedge selling took Three Months back from a pre-market high of £428 per tonne to a ring low of £422. Sales were 1,650 tonnes. On85 words
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Article249 1977-01-19 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING I PRICES PER PICUL YESTERDAY. 1 Coconut Oil: Bulk M 3 tellers, old < drum MS sellers, new drum 193 sel- i lers. Copra Mixed (loose) UK/Cont 153 buyers Pepper: Muntok ASTA white t.o.b 100% NLW $352' i sellers. Sarawak white t.o.b.249 words
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Article268 1977-01-19 8 IN the Singapore gold market yesterday, the kilobar was traded In the range of 8510,540 to $10,570, with demand seen at the $10,550 level. On the loco London basis, the metal was Initially quoted at U*****.00 /132.50 and closed at $132.50 /133.00. The London morning fix was U*****.65, up268 words
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Article394 1977-01-19 8 LONDON, Tues. Copper wire bars rose £2 per tonne for Cash and £3 for Three Months. Prices failed to maintain higher overnight New York levels as profit-taking and pricing sales took Three Months from a pre-market high of £849 per tonne to a ring low of £842.50, dealers said.394 words
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Article220 1977-01-19 8 LONDON, Tues. BUver finished the morning session with gains of 1.2 to 3.0 pence per troy ounce. Dealers attributed the steady tone to the overnight New York trend and higher gold this morning. They also noted improved buying Interest in a market largely neglected in recent weeks while base220 words
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Article263 1977-01-19 8 LONDON, Tues. Terminal opened £0.90 to £1.35 below Monday's level but up to £4 above the kerb close. Sales totalled 1,953 lots. Dealers said the lower kerb levels were due to a Soviet denial of sugar purchases but that the firmer opening this morning reflected subsequent confirmation by Soviet263 words
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Article220 1977-01-19 8 BANGKOK, Tues. Indicative prices for rice quoted In Bangkok yesterday were: US dollars per tonne fob basis Bangkok White Rice: 100 per cent Ist class 288 100 per cent 2nd class 273 100 per cent 3rd class 288 S per cent 280 10 per cent 239 20 per cent220 words
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Article398 1977-01-19 8 LONDON, Tues. Robusta futures declined sharply In active trading at the opening. By end call, however, values had steadied, but with losses ranging between £75 and £61 per tonne down from Monday night's close. Volume totalled 436 lots. May recovered from a low of £2,680 to close £72 down398 words
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Article118 1977-01-19 8 CHICAGO, Mon. Wheat futures posted gains of 2 1/4 to 1 1/2 cents a bushel at the close after trading In a narrow range In light dealings. Early support was encouraged by higher soybean futures with export acttvtty also contributing buying interest. Potential damage to winter wheat crops because118 words
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Article125 1977-01-19 8 CHICAGO, Mon. Soybean futures finished a fairly light trade three cents a bushel higher to three cents lower. Trading Interest was light, ahead of the USDA crop estimate due after the close. Spread buying of nearbys against sales offered followed commercial moves and expectations of larger export Inspections for125 words
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MONEY AND EXCHANGES
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Article531 1977-01-19 8 RATES firmed In the ACU /US$ counter in Singapore yesterday following news of a K per cent rise in the prime rates of First Chicago and Morgan Ouarantly Trust In US. Dealers said the effect on the rise co-lnclded with the general view that the ACU rates had bottom531 words
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Article163 1977-01-19 8 Asian rates ASIAN currency deposit Interbank rotes as at close on Jan. 18 USIMtotJSpat) 7 days 415/16 4 13 /16 1 mth 5 1 /IB 4 15 /16 2 mths 53 /ie 51 /16 3 mths 5 3/8 51 /4 6 mths 53/4 55/8 9 mths 57/8 53 /4 12163 words
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Article53 1977-01-19 8 RANOE of prices offered by dis count house* on Jan It Overnight 1*. to 3*% Call deposit 2% to 3*H Cloai>| Buy Selling 3-Month Treasury bills 3 \ft 1 3-Month Bank Mils 4 3/16 4 1/16 3-Month CD 4 9/16 4 7/16 6-Month 4 3/4 4 5/8 Source:53 words
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Article57 1977-01-19 8 Minimum lending rates (in ACBC 6*. First Chicago 6* Algemene Bank 6% Citibank 8%. Bangkok Bank .7* HSBC 7 Bank of America Indosuez 9% Bank of China ..7 Malayan Banking 6* Bank of Tokyo 6* Mitsui Bank 6*> Bank Negara OCBC Indonesia .7*. OUB Chartered Bank 6*. UCB 7 Chase57 words
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Article221 1977-01-19 8 LONDON, Tues The dollar generally held Its strong overnight New York levels spurred by signs that US snort-term Interest rates have bottomed following prime rate Increases by two major US banks. Sterling edged up to $1.7147/50 from $1.7135/40 overnight, with fresh evidence that the Bank of England Is acting221 words
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Article235 1977-01-19 8 NEW YORK, Mon. The dollar closed slightly firmer after a light trading session marked by apparent confirmation that US shortterm Interest rates have bottomed, dealers said. First National Bank of Chicago and Morgan Guaranty Trust both raise their prime lending rates to 6K per cent from six, bringing235 words
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Article141 1977-01-19 8 HONGKONG, Tues. The US dollar continued to drift lower in quiet trading to a late HK54.6790/ 6820 from the noon rate of $4.6860/ 90 and Monday's late $4.6930/ 60, dealers said. The US unit fell fairly sharply towards the close in line with its decline in early European trading,141 words
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Article129 1977-01-19 8 TOKYO, Tues. The US dollar for overnight delivery closed lower at 291.40 yen against 291.60 yen at the opening and 291.85 yen overnight, reflecting the strength of the yen in overseas centres, dealers said. Japanese banks showed reserve In covering dollar Import settlement needs. Foreign banks sold some dollars129 words
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Article138 1977-01-19 8 Euro rates LONDON, Tues. Period Eurodollar deposits opened slightly harder where changed and tended marginally higher In places in early trading. Shorts were little changed In around average business. Oalns were ascribed to higher US Treasury BUI yields at the weekly auction and Fed funds closing on Monday night around138 words
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Article52 1977-01-19 8 AUSTRALIA/ NZ exchanges quoted on Jan 18 Australia: Sterling 0.6364/ 0.6295 US dollar 1.0876/ 1.0828 Ninety-day air mall buying rates: Sterling 0.6666 US dollars 1.1137 Ninety-day forward buying rates: Sterling 0.6548 US dollars 1.0934 New Zealand: Sterling 0.5551/ 0.5521 US dollar 0.9563/ 0.9463 Ninety-day forward rate: Sterling 0.5937 US52 words
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Article40 1977-01-19 8 ZURICH exchanges quoted on Jan 17 US 2.4913-4920 UK 4.2675-2705 Can 2.4610-4630 W Germ 104.06-14 Neth 99.20-29 France 49.99-50.03 Belg 6.76-77 Denm 42.23-26 Norw 47.05-08 Swed 58.95-59.01 Italy 0.2822-2826 Austria 14.65-67 Port 7.75-77 Spain 3.62-3/4-63-1/4 Arg 0.85-1.00 Japan 0.85-1/4-85-3/4.40 words
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Article45 1977-01-19 8 FRANKFURT exchanges opening quotes on Jan 18 US 2.3925 /40 (2.3930 /40) Can 2.3660 /80 UK 4.100 /115 Neth 95.25 /40 Switz 96.05 /20 Italy 2.710 /725 France 48.05 /20 Norw 45.14 /24 Bel* com 6.490 /505 Belg fin 6.43/44 T apan 0.8215 /3045 words
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Article268 1977-01-19 8 LONDON, Tues. Eurobonds tended easier where changed in generally moderate trading, dealers said. Mark bonds eased around point in moderate turnover due to Increased primary market activity. Convertibles were a little lower among Japanese bonds reflecting falls on home markets* Eurobond prices quoted on Jan 18 STRAIGHTS BID268 words
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Advertisement161 1977-01-19 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia, Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding Hawaii)161 words
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TRANSPORT AND COMMUNICATIONS
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616 1977-01-19 9 PETER HULM - By PETER HULM Reuter NEGOTIATIONS from 100 nations have gathered here to try to parcel out the "air waves" of outer space as world television broadcasting moves Into a new technological era. The key problem facing the 600 delegates over theirReuter - 616 words
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Article, Illustration1376 1977-01-19 9 WONG WAI LIN - A FRAGILE PEACE PREVAILS AT PORT TROUBLE COULD BE AHEAD IF WORKERS' GRUMBLES REMAIN UNRESOLVED By WONG WAI LIN AT THE end of the month, a new team takes over In Port Klang. Everyone will be waiting to see what It proposes1,376 words
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Article, Illustration388 1977-01-19 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Barge Alk Bee No. 1 (0700 a/side Maren Maersk) 13/14 Blue Moon (JMPS) (Car Carrier) (1500 after SBS I) 48 Bunga Mas (0900 after LCM H-14) 19 Catharlna Oldendorff (1500 after Centaur) 44 Dumas (0600 after Oolden Eagle) 24 Kenlngau (1) (after Hugheverett)388 words
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425 1977-01-19 9 PENANQ, Tues. The Penang Port Commission has plans to accommodate bigger vessels and those needing deeper draught access, Communications Minister Tan Sri Manlckavasagam said yesterday. Among the plans is the deepening of the north channel here to Increase Its depth to 11425 words
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Article181 1977-01-19 9 AP LONDON, Tues. North American grain chartering maintained a brisk pace of activity yesterday but timecharter business entered a quieter phase. Atlantic grain rates still displayed little change, despite the considerably more lively chartering experienced over the past few days due to a heavy tonnage surplus position.AP - 181 words
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Article692 1977-01-19 9 1 1 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE MAS MH682 0810 KCH PAA PA841 0950 SFO /HNL /GUM CAL CI816 1000 HLP JAL JL712 1000 HLP SIA SQ211 1010 HLP CPA CX710 1030 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK692 words
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Page 9 Advertisements
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Advertisement213 1977-01-19 9 •t 11 lit •i i hTi The dredging' and construction of ports for developing countries ifJFSCAP u T >. Sr.c -1 C S. „r.,] p., ,1, r APH !n'» ",r "<1 Representatives in Singapore S E Asia f A P'fi i_t<i j If ,r Bu.i'! O" 'MM MR. BUSINESSMAN: Is213 words
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592 1977-01-19 10 BRIAN MODNEY - By BRIAN MODNEY Reuter THE Soviet Union has pulled off Its first major arms deal in Latin America outside Cuba with the sale of a fleet of jet fighters to the Peruvian air force. The deal, which fits into Peru's scheme to moderniseReuter - 592 words
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Article, Illustration1246 1977-01-19 10 GRAHAM HOVEY - From GRAHAM HOVEY NYT STATE and Defence Department officials are watching with rising concern the emergence of Israel as an exporter of sophisticated military equipment. much of It derived from American technology. Officials believe that in one instance now under study, IsraelNYT - 1,246 words
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861 1977-01-19 10 MICHAEL TINGAY - By MICHAEL TINGAY IN THREE years, co-ordi-nation of Arab military strategy has come full circle from the high point of the October, 1973, war, through Egypt's Isolation after the second Sinai agreement with Israel in September. 1975, to the present. Since last861 words
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379 1977-01-19 10 L. KIRSCHEN - By L. KIRSCHEN AP THE executive committee of the International Cocoa Organisation met here on Monday to discuss the lifting of buffer stock ranges requested by the cocoa-producing nations In the International Cocoa Agreement (ICCO). The first world cocoa pact was set upAP - 379 words
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Page 10 Advertisements
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Advertisement630 1977-01-19 10 From January 1977 SINGAPORE BUSINESS is on sale. What, another business publication? No, not just another. In fact, we were here first and businessmen here still find they need Singapore Trade and Industry monthly to give them the depth, the essential facts and figures and the "inside dope" on what's630 words
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541 1977-01-19 11 LONDON, Tues. Malaysia and Russia signed a major agreement over natural and synthetic rubber In London over the week-end. The agreement, for the exchange of technical Information between the USSR rubber research Institutes and units of the Malaysian Rubber Research and Development Board,541 words
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278 1977-01-19 11 Reuter PARIS, Tues. Britain's economic muddle Is expected to continue In 1977, with the pound weakening and unemployment rising, according to an International report published here yesterday. The Hudson letter, an International forecasting giper prepared by Hudson urope, said Britain In 1977 "willReuter - 278 words
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269 1977-01-19 11 KUALA LUMPUR, Tues. EMI Ltd plans to set up a full recording studio costing about M 5250.000 In Malaysia next year, it was disclosed nere. At present, Malaysian entertainers have to go to Singapore for recording. The setting up of the studio will269 words
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290 1977-01-19 11 Reuter MANILA. Tues. Leaders of the rebel Moro National Liberation Front (MNLF) began broadcasting appeals over government radio today to their Muslim followers to observe the agreed ceasefire of their four-year-long rebellion, the Department of Information said today. MNLF spokesman Mr. Farouk Mohammad Hussein,Reuter - 290 words
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Article186 1977-01-19 11 UPI MANILA, Tues. A Japanese and a Philippine company announced today a 232 million pesos (about 5586.1 million) joint business venture to establish a coconut chemical complex In the Philippines. Officials of the Pillpinas Kao Inc. told a news conference their venture will combine theUPI - 186 words
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Article88 1977-01-19 11 Reuter TOKYO. Tues. Bank of Japan governor Tellchlro Morinaga said the tempo of economic recovery is still slow, but while a sharp upturn cannot be expected soon, fears of a downturn or deceleration are not warranted. He also told a meeting of the bank's branch managers thereReuter - 88 words
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274 1977-01-19 11 AP WASHINGTON, Tues. Flying Tiger Airline denied yesterday It had engaged in "unfair and deceptive practices" by falling to account properly for gifts to foreign dignitaries and contributions to California political figures. Its denial was made In response to a complaint filed with theAP - 274 words
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Article73 1977-01-19 11 THE Rollei group of companies Is to merge all Its operations In Singapore under one company. The German camera group has completed the merger of Rollei Singapore In Chal Chee and Rollei Optical In Kallang Basin under one company Rollei Singapore. It Is understood73 words
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Article80 1977-01-19 11 WESTERN Eagle, the KepK1 Shipyard subsidiary, Is llevea to have been given till the weekend to come to terms with Its workers who are members of SILO, or face a strike. So far two meetings arranged by the Labour Ministry and held between management and union80 words
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Article81 1977-01-19 11 AP MADRID, Tues. Premier Adolfo Suarez will visit Egypt, Iraq and Syria later this month to seek economic support and explain Spanish programmes for the post-Franco era, sources said yesterday. The sources said Mr. Suarez and Foreign Minister Marcellno Oreja will leave on Jan. 27AP - 81 words
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306 1977-01-19 11 UPI COLOMBO, Tues. The troubled Oovernment of Prime Minister Sirimavo Bandaranalke won a crucial political victory yesterday by ending the nearly month-old strike by railway and transport unions. The nationwide strike by railway, road and bus transport workers and federalUPI - 306 words
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430 1977-01-19 11 UPI TOKYO. Tues. Australia today told Japan It would not act unilaterally In establishing a 320-km coastal economic zone until the results of the next United Nations Law of the Sea conference to be held In May are known. It also criticised JapanUPI - 430 words
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Article284 1977-01-19 11 AP TOKYO, Tues. Tokyo Governor Ryoklchl Mlnobe Elans to refuse entry of a ntlsh Royal Navy ship to Tokyo Metropolitan port for a display of arms and equipment ranging from artillery to missiles, a spokesman for the Metropolitan Government said today. The spokesman saidAP - 284 words
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Article270 1977-01-19 11 AS the vast stretches of their oil palm crop reach maturity this year, Sampoerna Estates in Johore have made careful preparations to reap a good harvest. Of the estate's 4,900 hectares of cultivated land, about 86 per cent or 4,265 hectares have been planted with270 words
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Article233 1977-01-19 11 CONSTRUCTION work for public housing has Increased four-fold In the last five years. For the future, the Housing and Development Board Is aiming at a higher standard of workmanship through new methods of construction. This was disclosed last night by Mr. Chan Chee Seng, senior233 words
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Article118 1977-01-19 11 Reuter TOKYO, Tues. Japan's likely to extend a yen credit to Iraq of about US$l billion (512.46 billion) during the five-day official visit by Iraqi Vice-President Taha Muhlddln Maarouf which begins tomorrow, Foreign Ministry officials said. The credit, expected to be finalised by anReuter - 118 words
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Article111 1977-01-19 11 Reuter PARIS, Tues. French Secretary of State for Transport Marcel Cavallle has left for a one-week visit to Japan, to discuss shipbuilding and other shipping problems with Japanese authorities. Mr. Cavaille, speaking shortly before his departure, said the two sides will examine merchant marine f roblems, mainlyReuter - 111 words
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Article144 1977-01-19 11 UPI TOKYO, Tues. Foreign Minister Ilchlro Hatoyama said today US Vice President-elect Walter Mondale and Japanese Prime Minister Takeo Fukuda will discuss American troop withdrawal from South Korea In their meeting Jan 31. Mr. Mondale Is scheduled to arrive In Tokyo on Jan 30 forUPI - 144 words
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Article311 1977-01-19 11 UPI BANGKOK, Tues. Air 81am has become an airline without an aircraft. The privately-owned Thai Airline's lone Boeing 747 Jetliner left for Amsterdam and repossession by Its KLM Dutch Airlines' owners, last night. Its cut-rate prices once made Air 81am the most popular flightUPI - 311 words
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Article52 1977-01-19 11 Reuter ZURICH, Tues. Swiss foreign exchange reserves fell 1.2 billion francs to 15.8 billion In the week ended Jan 14, the National Bank said. The bank said the fall mainly reflected liquidation of short term year-end swaps with the banks as well as of longer term swaps concludedReuter - 52 words
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343 1977-01-19 11 Reuter LONDON, Tues. Bolivia has most to lose from any collapse of the International Tin Agreement (ITA) as the highest-cost producer with the greatest dependence on tin among the major mining countries, "Tin International," magazine said. In view of the Instability suchReuter - 343 words
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Article160 1977-01-19 11 KUALA LUMPUR, Tues. Malaysian tin miners are happy with the reductions In the import duty on stationary diesel engines and water pumps to ten per cent. The reductions, to take effect within a week, were announced by the Deputy Minister of Finance, Mr. Richard Ho,160 words
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Article117 1977-01-19 11 AP TOKYO, Tues. A group of West Oerman, Brazilian and Japanese firms has signed a US$B.6 million (5521.15 million) contract to supply a forging press plant and an Ingot manipulator to Vlllares Industrlas de Base S.A. (Vlbasa) of Brazil, a Japanese firm said today.AP - 117 words
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Page 11 Advertisements
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Advertisement264 1977-01-19 11 APPOINTMENTS We require a qualified Accountant with a minimum of 1-2 years accounting experience for the position of Financial Accountant. Applicants should have a degree in Accountancy or other Professional Accountancy qualifications. The successful applicant will report to the Financial Controller and be responsible for the monthly statements.etc. The applicant264 words
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Advertisement353 1977-01-19 11 EXECUTIVE OFFICER THE GENERAL INSURANCE ASSOCIATION OF SINGAPORE requires an Executive Officer whose duties are to assist the General Manager in the administration of the Association's affairs which, inter alia, includes attending meetings of various Committees and recording of minutes. The Association also manages and provides secretarial services to the353 words
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287 1977-01-19 12 SINGAPORE'S paintmanufacturing industry, which began to revive in 1976 from the effects of the worldwide recession. Is expected to gain greater momentum In its recovery this year. The president of the Paint Manufacturers' Association, Mr. Eric Chan, said that compared to the industry's zero287 words
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Article741 1977-01-19 12 LONDON, Tues. The stock market closed firm after a moderately active two-way trading session, dealers said. Yesterday s UK trade data which showed a small surplus helped extend the recent bull pnase. but stock shortage accentuated the advance. At 3 p.m. the Financial Times Index was up 6.2741 words
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Article206 1977-01-19 12 LOCAL contractors were yesterday told that concrete weigh batching plants were probably the most Illtreated equipment on construction sites. Contractors would have to carry out preventive maintenance in order to prolong the life of these pieces of capital equipment. A concrete weigh batching plant,206 words
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Article159 1977-01-19 12 AP JAKARTA, Tues. A 220 km pipeline project worth US$2lO million (*****.5 million) has been completed to channel natural gas from the Java Sea to the Krakatau steel plant of Cilegon, West Java. The pipeline was handed over by a group of Japanese contractors Toyo Menka,AP - 159 words
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Article149 1977-01-19 12 AP SEOUL, Tues. South Korea has set a power production target of 10 million kilowatts for 1981, the closing year of the current fourth five-year economic plan, the state-run Korea Electric Co. (Keco) said today. The nation's combined present power production capacity is 4.8AP - 149 words
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448 1977-01-19 12 AP WASHINGTON, Tues. In his final economic report to Congress, President Ford warned today that unemployment may still be above seven per cent at the end of 1977 and Presidentelect Carter's proposed Job programmes and tax rebates could make matters worse. Mr. FordAP - 448 words
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Article545 1977-01-19 12 MANILA TO SELL 600,000 TONNES AP MOSCOW, Tues. The Soviet Union has signed a contract with the Philippines for delivery of 600,000 metric tonnes of sugar In the first six months or 1977, Soviet officials said today. The contract was said to have been signedAP - 545 words
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Article337 1977-01-19 12 Reuter JAKARTA, Tues. The resignation of the entire board of directors of a major state bank has raised fears among Indonesian bankers of a drastic credit squeeze by Its new leadership, banking sources said here today. The sources said that the resignation of state bankReuter - 337 words
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265 1977-01-19 12 Reuter NEW YORK, Tues. Indonesia will seek loans totalling about US$25O million (Ss6ls million) in the first half of this year for reserve management purposes, bankers close to Indonesia said. The projected borrowing is sharply below the $1 billion forecastReuter - 265 words
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Article128 1977-01-19 12 THE National Productivity Board (NPB) will be conducting a course for construction site safety for supervisors, Its seventh Safety Supervisors Course, on behalf of the Ministry of Labour. The course Is scheduled from March to April and will be Conducted by professionals within the building Industry.128 words
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236 1977-01-19 12 Reuter JAKARTA, Tues. The Indonesia Government'ls exploring the possibilities of giving exploration Incentives to foreign oil companies operating here, according to director of Pertamlna, Plet Harjono. The proposed Incentives, being discussed among government Institutions and the foreign oil firms, were Intended to boost oilReuter - 236 words
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124 1977-01-19 12 The US Trade Centre In Singapore is organising a technical seminar for electrical engineers interested in new technology in electrical power generation systems. The seminar has been scheduled as part of the "Electric Energy Systems Exhibition" which will be held at the Trade Centre, next124 words
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Article92 1977-01-19 12 TRADE union leaders from 19 Asian countries will meet here next month to work out a project-oriented union programme for the region, under the auspices of the International Confederation of Free Trade Unions Asian Regional Organisation. The secretary-general of the NTUC, Mr. C.V. Devan Nalr, also92 words
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Article71 1977-01-19 12 ARTHUR Lipper International. represented by Mr. Francis Seow, has filed a writ of summons in the High Court seeking to recover $901,995.25 from a company which shares the same offices as the plaintiff. Merchant Credit was named as defendant, and the sum concerns three promissory notes.71 words
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Article50 1977-01-19 12 UPI TAIPEH, Tues. Taiwan registered a trade surplus of US$l.2 billion (Ss3 billion) with the United States in 1976, a $30 million Increase over the year before, the Finance Ministry said yesterday. The amount of export totalled $3 billion and lmSort $1.8 billion, the [lnlstry said. UPI.UPI - 50 words
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Article233 1977-01-19 12 THREE new educational toys revolving around the use of an electronic calculator will be Introduced to Singapore in the near future by Texas Instruments. The large US electronics company Is taking the lead in moving above selling calculators solely on price or computing capability. By creating games233 words
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280 1977-01-19 12 MOBIL is soon to break into the self-service petrol retail business introduced by Shell just two months ago, Business Times learned yesterday. While unwilling to confirm the details of the venture, a Mobil spokesman said that the scheme was "still under evaluation." It280 words
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Article60 1977-01-19 12 Reuter WASHINGTON, Tues. The US Congress today approved special legislation to give Secret Service protection to Secretary or State Henry Kissinger. The unusual measure was sought by President Ford. It followed a report In the New York Daily News last week that a right-wing political groupReuter - 60 words
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Article39 1977-01-19 12 AP TULSA, (Oklahoma), Tues. Oil and gas drilling In the United States should Increase by 4.8 per cent this year, the Oil and Gas Journal says. The forecast was made by its managing editor, Carl Lawrence.AP - 39 words
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488 1977-01-19 12 Reuter LONDON, Tues. Britain's financial position yesterday showed a substantial Improvement after months of gloom, and the Bank of England found Itself deliberately holding down the exchange rate of the pound sterling. Figures issued by the Trade Department revealed that the current payments accountReuter - 488 words
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Article156 1977-01-19 12 SEVERAL sawmlllers, who may have to close down after last week's move by Malaysia to ban the export of large logs, are among the 15 members of an exploratory mission to buy Indonesian timber. The president of the Singapore Sawmlllers' Association, Mr. Fong Pin Chee,156 words
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Advertisement21 1977-01-19 12 Executive's Lunch Special Roast from our Ti£- Silver Wa^on Jt X L m iii^i m For reservations, Tel: ***** Ext. 156/15721 words
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Advertisement171 1977-01-19 12 SEE PAGE 11 s't V r '■4 c 12 sm* > VAS h K H < > t~ N 5r t: i> I Chivas Regal Scotland's prince of whiskies Another fine product brought to you by (privaca)ltd. SECURE a BRIGHTER FUTURE in ACCOUNTANCY with FOULKS LYNCH Founded over a century171 words
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